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  • Saudi Arabia starts selectively applying annual levy on domestic workers

    The Ministry of Human Resources and Social Development has started applying the first phase of the decision of the Council of Ministers to selectively impose a levy on domestic workers from Sunday, May 22. Saudi employers will have to pay an annual fee of SR9,600 for each house worker if their number exceeds four while expatriate employers will pay the same amount for each worker in excess of two. The ministry noted that only a limited segment of Saudi and expatriate employers will be affected by the decision, taken by the Cabinet on March 8, 2022.

  • Lucid Advances Global Sustainability Vision, Announcing New Details for First Overseas Manufacturing Facility with Partners in Saudi Arabia

    Lucid reviewed multiple opportunities before selecting KAEC in Saudi Arabia, an area known for its livability and sustainability, as the optimal location for the second of its global network of electric vehicle manufacturing facilities. Lucid also officially designated the new Saudi Arabian plant “AMP-2” (Advanced Manufacturing Plant #2), indicating its position as the next cornerstone of Lucid’s vertically integrated global production network. The factory is situated in KAEC’s ‘Industrial Valley,’ close to King Abdullah Port along the main Red Sea trading corridor, an area which has handled more than a third of Saudi Arabia’s Western Region container volumes. Lucid’s Middle East regional headquarters in Riyadh has been operational since last year.

  • KAUST Spins-in Five Cutting-Edge International Startups and Brings New Tech to Saudi Arabia

    King Abdullah University of Science and Technology (KAUST) has recently wrapped up 'Destination Deep Tech,' a Saudi-first program that spins in leading-edge global startups to the Kingdom to develop deep tech innovations. The international startups - CeEntek, Hopu, Insignes-Labs, Pasqal, and Proteinea - were chosen to experience the three-month program as a result of their highly advanced technology expansion into the MENA region.

  • Iraq’s Minister of foreign affairs meets his Saudi counterpart

    Iraq's minister of foreign affairs, Fuad Hussein, met today, Thursday, with his Saudi counterpart, Prince Faisal Bin Farhan, in Marrakesh. A statement by the Ministry said that the two sides discussed bilateral relations between Baghdad and Riyadh, and the importance of regional and international cooperation to achieve security and stability.

  • Samsung, Chevron, Saudi Aramco pour $150m into carbon capture startup

    The round comes amid surging interest in CCS — last year, the global capacity of planned CCS projects grew 50% over nine months, and the industry was further boosted by the latest report by the Intergovernmental Panel on Climate Change (IPCC), which stressed the need for the technology. Other forms of carbon removal are also attracting interest. Climeworks, a Swiss startup working on direct air capture (where carbon is removed from the air itself, rather than captured at source) raised a $650m round last month.

  • KAUST and Monsha’at Sign Partnership to Advance Saudi Economy by Creating Opportunities for Small & Medium Sized Enterprises

    A new program, KAUST SME Maharat helps small and medium organizations develop technical skills in vital areas such as AI, IoT, intellectual property and design thinking. The program has seen over 1,300 small business professionals enroll in the last two years. Additionally, a new Knowledge Partnership Program also seeks to transfer knowledge from KAUST’s research and innovation base to SMEs through consultancy.

  • Samsung, Chevron, Saudi Aramco pour $150m into carbon capture startup

    If we want to keep global warming below 1.5C, we can only emit another 500 gigatonnes of carbon into the atmosphere, according to the UN’s climate council — that’s around eight years’ worth at the current rate. In the race to cut emissions, a lot of hope is pinned on carbon capture and storage tech (CCS) —  which captures the carbon produced in industrial processes before it reaches the atmosphere, be it in cement and steelmaking processes, oil refineries or natural gas production.

  • World’s first digital arts center is about to inaugurate in Saudi Arabia

    The DGDA has established in partnership with the MoC the first global platform that is concerned with arts and innovation in the fields of digital art, artificial intelligence and modern technologies. The center, with its diverse programs and training tracks in arts and modern technologies, is the first center specialized in digital arts in the world. The center was designed by the Italian architect Amedeo Schiattarella, who planned it in a lively creative environment, as it includes sites equipped with all the technical capabilities necessary for research, development and innovation in future arts.

  • Saudi Arabia Aims to Restart Privatization Plan for 29 Airports

    Ownership of the 29 airports has already been moved to a new entity, Matarat, in order to prepare them for the process, Abdulaziz Al Duailej, president of the General Authority of Civil Aviation, said in an interview Monday. An international investor roadshow could start in the next 12 to 18 months.

  • This Former Girls’ School In Saudi Is Now A Hub For Artists

    In 1964, this building was Saudi’s first girls’ school. Today, Madrasat Addeerah is an arts and traditional crafts hub. Taken over by the Royal Commission for Alula in 2019, the school is now a thriving art space, with over 70 students perfecting their skills in spaces including ceramic, jewellery, pottery, wicker making and more.